St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-26
The COMMERCIAL RECORD.
Foreign Buying Orders Made Things
Bullish on the Chicago Board
of Trade.
a Brisk Shipping Demand Was Noted
and Large Quantity Of Wheat
Worked.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special to the Globe.

Special TO the Globe.
CHICAGO, Oct 25.-Beerbohm quoted an
advance of I'd in Liverpool. The night ca
bles brought foreign buying orders, and the
local crowd was bullish. This explains why
wheat opened 4@ssc higher this morning,
and it explains the activity in the market.
December was largely traded in during the
first half hour around 73ss@73l2c, and May
sold at 79@79Isc. The market then halted
and acted just a trfle tired. New York, st.
Louis and the Northwest as well as Eng
land, were well represented by orders in the
pit The bulk of this business seemed
TO be transacted early. Provisions were
firm and higher, January pork open
ing al Sl2.17l2 and selling up to S12.22l2;
January lard at S627l2 and January ribs at
S6.15, selling up 10 So 17l2. The cash mar
ket leads the speculative end of the wheat
deal. A brisk shipping inquiry is noted and
considerable wheat was worked here to-day
at s4c advance uqon yesterdays buying
limits The market situation abroad is de-
seribed as being especially healthful. 1t is
certain that large foreign short interest has
been covered the past week, and it is common
report that the English trade is now on the
other side of the market The buying of spot
and contract wheat for foreign account
has been quite liberal of late.
New York was in the market
all day and several prominent local operators
who are usually TO be found on the bear side
Seem to have been converted They have
been freely buying, quietly at first and then
openly, but always on a large scale. After
the first depression of IL the tone of the
mVrket was of undoubted firmness and APP
parent stability. A large business was trans
acted, and even the long dormant commits
c1N
length the public is nibbling. During the
forenoon December ranged at 734@73s4c
and May at 7S7sG79I2e. Corn was uncom-
monty firm and even wholesale realizing by
Hutchinson could not altogether check the
advancing tendency. Cables were exceed
ingly strong and several orders for foreign
account were filed. Shippers were very busy
from start 10 finish. But for the selling by
Hutchinson substantial advance would have
been scored. November and December ranged
at 4l@41l2c and May at 45@454c. Oats
were quiet and practically unchanged. The
bulls were in control of the provision market
They advanced lard IOc ribs l2I2c and pork
zoe. Speculation was quite active and the
provision crowd is assuming a cheerful and
business like appearance. Lake engagements
were reported for 169 900 bu of wheat, 4O9,-
600 bu of corn, 81 900 bu of oats, 80 900 bu
bu: rates 5@4lac. Estimated receipts for to-
morrow: Wheat 125 cars, corn 22O, and
oats $50.
THE ROUTINE REPORT.
CHICAGO Oct. 25.-1he markets on change
to-day opened quite promising for better
business and better prices and continued
publish throughout the greater part of the
session. In the wheat market the feeling
was especially strong. Local buying was
more active, and there was also more doing
Loo,
dealers were free buyers, and the short in
terest was induced to cover. Both American
and European advlces were bullish i'll tone
which helped the market here. The receipts
of wheat here show somewhat of falling
OFF, but in the Northwest the arrivals con-
tinue quite liberal. December wheat opened
at 1859, sold to 7312c, reacted TO T3i4c on
realizing by holders, then sold up to 747sc on
active covering by shorts induced by
higher cables and the over selling of
the market and closed at the latter figure
Corn was moderately active. with the feeling
firmer and fluctuations showed somewhat
wider range than on previous days. The
strength was due mainly to the firm tone of
wheat and anticipated smaller receipts. Mar
Get opened at yesterdays closing prices, was
easy for q time, declining 1s04c ruled
steady then became quite active and firmer,
advancing ss0I2c, changed some, and
closed ss@lac higher than yesterday with
May at 45l2c. Cables were steady, and home
markets stronger. The stock of contract
corn increased 579.995 bu. the past
week, making the quantity now in store
2,4S1, 600 blu. Oats in the speculative mar
ket ruled quiet but firm ali through the regu-
lar session, there being no fluctuations in
values worth mentioning. A fair business
in cash oats was done at 251S@25Ac. Pro-
visions were more active than usual o-day
and the feeling was tirmer, being influenced to
some extent by the moderate arrivals of hogs
and a stronger market for corn. Trading in
the aggregate was only fair, with midwinter
deliveries attracting most attention. Offer
h,1
shorts was fairly active. Prices ruled higher,
and the appreciation was moderately well
supported. Local operators were not dis
posed to sell to any extent while the orders
from outside parties were largely on the buy
ing side of the market. Inquiry for ship
ment was fair, with BUYERS more inclined to
meet the views of sellers, and fair trade
was reported. In some cases slight advances
in prices were obtained The receipts of
products were fair, and the shipments quite
large. January mess pork sold at $12.17l2@
ST.. 32l2, closing at S12,27l2; January lard
sold at Sc. 2712@S6. 32l2, closing at 80.
sing at S6.22la.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat, No. 2-October opened at 7Ilbc. and
closed at 717Sc; November, 717s. closing at
72ssc: December, 1850 closing at 737sc:
May, 791sc, closing 1850. Com, No. 2-Oc.
tober opened at 40s4c, closing at 41Ac; No
vember, dc, closing at 41ssc; Dacember
4O7sc, closing at Also; May, A closing at
45Ac. oats. No. 2-October openoo,.c los ~
closing at 25lsc: Nov 25I2 clio s hea at 5252,se
December closed at 255sc May s 9aIs al 1ol2c
at 29l2c. Mess pork per bblzJ maze CLOSING
ibs@0ctoberr onege az at S. Lard per 100
S. 80; November. Sc 222 losing ei sf sa at
SSaanngary So. 27l2. clos at S. 80: NAV
SS66,57Is closing at $500 holt ribs. -" per
~ aVO !DS-October opened at 81. 10, closing
VS. January, S6.15, closing at S. 2 2ls
Cash quotations were as follows: Flour in
bettes request, with prices steady and un-
changed. Wheat-No. spring, 71ss@7Il2c;
No; spring wheat, 6434c; No. red, 72@
I2l2c Corn-No. 2, de Oats-No 2, Csc.
Rye-No. 2, 52c. Barley-No. q Tic. Flax
SeedlNo. 1, S1.O9. Prime timothy seed.
-. 1922. Mess pork per Dbl. S13 Lard
per 100 lbs; So. 47l2. Short ribs sides Qoose),
81 dry sailed shoulders (boxed), s565. 20:
short clear sides (boxed), S7.IO@7. 20
Whisky, distillers' finished goods per gallon,
S1.1O. Sugars-Cut loaf, &c; granulated'
675c; standard A. 6I2c Receipts-FIour'
$4,000 bbls; wheat, $4,000 bu; corn,
29l 900 bu; oats, 244,000 bu; rye.
5000 bu; barley, $4,000 bu. Shipments
Flour, 1900 bbls: wheat 10000 bu: corn.
$4,000 bu; oats, 212OOO bu; rye, 1900
bu; barley. $4,000 bu. On the produce ex-
change today the butter market was dull at
1SO2oc for creamery and 164@2Ic for